The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1887-12-28
OUR MEXICAN TRADE.
Efforts TO Increase 1t by Means Of Monetary
treaty.
(From the Macon Telegraph }

The desire of American manufacturers
TO secure markets for their goods in the
countries south OF US has grown more In
tense year by year, as over production has
increased. The desire to gain these mar
kets, while retaining the present tariff and
the resulting high cost Of production las
caused the idea of reciprocity treaties to
be received with favor in many quarters.
That negotiated with Mexico by General
Grant several years ago, however, has
never been ratified by Congress, and prob
ably will not be. Tie proposed admission
free of duty OF certain Mexican produc-
tiGns which would compete with like arti-
cles made in the United States has aroused
the opposition Of special interests.
In anticipation, perhaps, of the failure
OF this treaty, another plan to increase
trade between Mexico and the TINTED
States is now being considered It has not
yet become subject OF negotiation, but it
IS reported that the Mexican Government
is very desirous Of making a monetary
treaty with the United States which viii
provide for the acceptance by each govern
ment OF tue silver dollars coined by the
ether III payment Of ali customs and taxes
at their par or face value. It is proposed
to extend the same privileges to the silver
certificates issued by the United States and
intended tc be issued by Mexico. Then.
at stated periods, to be agreed upon in the
treaty, the two governm; nts would make
settlement by an international clearing
house, at which the balances due from one
country to the olher woald be adjusted.
The effect of this, it IS expected, would be
to add 50 per cen:. to the purchasing power
OF the Mexican money in the markets Of
the United States over its value in any
ether country in the world, while the value
0: our silver dollars in Mexico would be
raised 10 par and the rate Of exchange on
Mexico would be determined by the course
of trade alone and not depend in any way
upon the tluotuation Of silver in the Lon
don market
It will be seen that if an agreeiaent of
this kind should be entered upon, this
country would offer speci.i inducements
fer Mexican trade. The standard of value
in Mexico is the silver dollar The action
Of England and Germany il demonetizing
silver, and CT the Latin union in restricting
is coinage, has caused great fall in the
value Of silver bullion in Europe and
America, but the credit of the United
States, and the fact that its coins of silver
are receivable for all public dues, has kept
them unon . parity with gold. The effect
of the proposed treaty would be TO lend
the advantages which American silver
money possesses in our markets to that Of
Mexico. which would perhaps more than
affect the difference il gold prices between
American and European goods, and lead
u g great increase in trade.
The project will go doubt be earnestly
opposed by the large and influential ele-
ment which favors the single gold standard
ard wishes the coinage of silver stopped.
The whole silver coinage of Mexico would
practically be added to our own, and It
may we'll be feared that the effect would
be bad.